EU agrees 'project bonds'
EU governments and the European Parliament have greenlighted 'project bonds', based on the development of rail, energy and other infrastructure projects.
European Union negotiators have agreed to let the EU guarantee some bonds sold by builders of transport and energy networks, kicking off an economic-stimulus push alongside budget cuts to overcome Europe’s debt crisis.
Representatives of the European Parliament and the EU’s 27 national governments gave the go-ahead for a trial period in which developers of priority rail, electricity, natural-gas and other infrastructure projects will be eligible for the bloc’s backing of their debt,...
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